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. in spain, that means one in every four people are out looking for work and a dependent on state aid. >> but it is not all bad news. ireland has managed to turn its major recession around and is now posting gains thanks to a lifeline from the e you. >> two years ago, ireland receive more than 67 billion euros from the eu bailout fund, and the money appears to have helped. the government was able to sink its annual deficit from 32% to 8.5% of gdp, and it is paying much lower interest on government bonds, and the irish economy is growing. only unemployment remains stubbornly high. in october, the jobless rate was still above the eurozone average at 14.7%, but in countries hard hit by the euro crisis, there were even more people out of work, and an increase, and employment is one of 25%. in spain, 26% were one in two young people is out of work. things are not quite that grim in italy, but more and more young people are looking for work. the youth unemployment rate is 36%, the highest since june 2004. >> we have to take a short break, but when we back, december 1 is world aids day. we w
brushoff warnings that the programs might not reduce greek debt enough. spain has formally asked for almost 40 billion euros in aid for its troubled banking sector. >> a strong indication that we have been successful in stabilizing the eurozone. spain now leads -- need less than originally assumed. the situation has improved. >> another trouble spot is cyprus. the country needs a bailout of between 10 billion euros and 17 billion euros. officials are waiting for our report on the island's banks. >> we now turn to our brussels correspondent. can you give us more details on how the buyback plan came about? >> the buyback program is supposed to help greece reduce its debt within a short period of time. that is a vital condition for the next tranche of funds that greece needs can be paid out. they gave the green light last week to pay out the money. they said they needed to have the greek debt burden reduced. the country is now trying to do that. it has put 20 bonds out on the market earlier this year. it is offering to buy them back at a very attractive price for investors. if that is successf
the spectacle of that. >> new year's in spain, it also has an interesting tradition. it involves grapes only because the grapes sitting right here. tell me about this. >> yes, all people in spain on the strike of midnight do the following, a great spanish tradition. what they do is, they will start with one grape on the stroke of midnight and for every single minute, every second until the next minute have another grape. i thought we should try it and see how it goes. usually people in spain don't necessarily eat all the grapes, but we can try and, again, it's called the old knight and in the squares of madrid, they'll have the huge clocks chiming and the people in the square all together will do it collectively. so, as we hear the first chime, let's try it. >> do we have chimes? >> we have chimes. >> i'm going to choke if i eat more than one. worse yet, you can't kiss. how do they kiss? you can't answer because you're eating these grapes. you do this well, i think you went to spain at least once for new year's eve. >> she did much better than me. >> i dropped one. >> i have 11 sitting here.
arabia and spain, with strong support from the vatican. the center's board includes three christians, three muslims, one jew, a buddhist and a hindu. some have opposed the project arguing that saudi arabia practices a radical form of islam. >>> there was backlash after the church of england's failure last week to approve a measure that would have allowed women to serve as bishops. the current archbishop of canterbury rowan williams and his newly named successor, justin welby, both expressed their disappointment. some british politicians have suggested the church should lose its tax-exempt status for violating antidiscrimination laws. church leaders meeting this week called resolving the issue of female bishops a "matter of urgency." >>> meanwhile, at the vatican last weekend, six new cardinals received their red hats, and for the first time in many years the group did not include any italians or other europeans. the new cardinals came from colombia, india, lebanon, nigeria, the philippines and the u.s. but the full college of cardinals remains heavily european. >>> charities, includi
, and spain are just a few of the countries which have summoned israel's ambassador to express their concerns. there are warnings that new settlements in east jerusalem and the west bank could threaten the very viability of a two- state solution. >> israel's prime minister does not shirk controversy and is not afraid of upsetting his friends, but benjamin netanyahu might suddenly be feeling rather isolated. a number of european countries are upset over the thorny issue of settlements. for years, israel has been warned by allies that continued expense of israel's settlements on occupied jewish land is detrimental to a two-state solution. it was when israel signalled its intention to develop this strategically-important area known as e-1 that the row intensified. if this big piece of land was to become a jewish settlement, detractors say it would be the final nail in the coffin of the two-state solution. with dozens of jewish settlements already in the area, it is argued that developing e- 1 and his separation area around it, -- and this separation around it would cut off east jerusalem from th
in italy, spain, and france proved especially wary. only britain bucked the trend with a rise in new car sales. a decade it has been since the inclusion of the german media empire. the state appellate court in munich today ruled that deutsche bank must pay damages to the heirs of the deceased mogul. >> the court ruled that the former ceo of deutsche bank, seen here, was responsible for the collapse of the world's largest licenser of film rights. in an interview, this credit worthiness was question, driving the conglomerate into bankruptcy. damages are expected to range anywhere from 120 million euros to 1.25 billion euros. it was also a big topic at the frankfurt stock exchange today. our market correspondent gave us this report from the trading floor. >> for the deutsche bank, this verdict is more than just a verdict because it weighs heavily on the image of germany's biggest bank. also because of the fact that the trial is not the only one that the deutsche bank is faced with, and some analysts are fearing now that investors might lose their confidence in dutch bank and sell their shar
. look at catalonia. a region in northeast spain that includes barcelona. last sunday, they held parliamentary elections. a majority of the winners campaigned on a platform of secession. the vote follows an unprecedented demonstration in september when about one million catalons marched the streets demanding statehood. to put it in perspective, the entire population is only about 7.5 million. the next step could be a public referendum on breaking away. consider scotland which has already reached that point. in october british prime minister david cameron agreed to a deal allowing scotts to vote in 2014 as to whether they want to secede. then there's the strange case of belgium. the people speech dutch in the northern region. in the southern region they speech french. the people elected a set of local leaders who want to break away from belgium. why are break away parties gaining so much momentum? it's the economy at heart. according to leading daily only 57% of national taxes paid by catalon is returned. the rest is filtered to spain's poorer regions. scots also have an eye on en
to spain. the scotts believe that breaking away now would rid them of london's us a tausterity plans. they are careful to calculate the costs and benefits. last year scotts were polled on how they view independence. if independence made them worse off the results flipped. 500 pounds the only about 800 u.s. dollars. adam smith, a scott, if we apply that logic in america states could point out they subsidize states like alabama, mississippi and montana. states that are the most fervent advocate of states rights and small government. we'll take you to one of africa's most trouble ed nation next. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medi
settlement construction. now, european nations including britain, spain, france, sweden, denmark, have all "summoned israeli ambassadors" to their capital cities in protest. officials say it is unlikely they will go through the more formal process of recalling their diplomats. david lee is live in jerusalem. how is israel's responding to this, david lee? >>reporter: a short time ago we talked to a source in the prime minister's office. he said and i quote, "the decision stands." what we talking about, and it is important we be clear, the 3,000 or so housing units you mention that would be in jerusalem as well as the west bank. israel, at the same time, made another decision saying in the planning stages, are another settlement expansion, this one in an area that the israelis identify as e1, 4 1/2 square miles outside of jerusalem and it is much more of a problem because the palestinians say if there is no construction in the area outside of jerusalem, they will not be able to have contiguous land and cannot have a palestinian state, and what they will be stuck with is, essentially, a crazy
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and reaching as far west as spain. to the east, it encompassed egypt, turkey, greece, and palestine, where jesus was born in the jewish land of judea, then ruled by king herod. >> in judea, the king, herod, was in effect a client king. he ruled almost in place of rome. he was the... he was the voice of rome, the instrument of rome, probably "instrument of rome" is best in that, because he... he had his own independent notions certainly. >> herod the great was probably one of the greatest kings of the post-biblical period in israel, but you wouldn't want your daughter to date him. he was ambitious, brutal, extremely successful. >> and it is one of the real untold ironies of jewish history that this man, who... who's the guy you love to hate in jewish history, really, leaves the most indelible mark on the face of the land of israel. >> it appears that herod thought of jerusalem as his showpiece. he really wanted to make it a place where people would come, just as people would have gone to athens, or rome, or the great cities of the mediterranean world. >> narrator: a meticulously accurate mo
another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000. this is classic negotiating. we have to be serious. this isn't just a game. we're not playing poker on a thursday night. if we don't get fix our fiscal problem, by the way to give republicans credit, i just don't want to attack them, they passed the ryan budget earlier this year and last year and that actually do
gave us a visa only if we didn't claim refugee status from spain. imagine. we got to spain, we did not know where to go. luckily enough, my husband it had family in hungary, but, i mean, iranian officials that have tops of money, and they find homes in the west. why? because they bring money with them, but then the disdance, honestly, when he landed in canada, we had $200 left in our pocket. we were literally hungry and no country was taking us, finally, canada -- and i'm so grateful to this country country of north that gave us a home where we had nowhere to be, just one thing, a little bit out of that, but i just need to make a point, are we going to get a time at the end? >> i'll give you time, sure. >> great, because there's something i have to add. >> okay, sure. the gentleman in the back row. >> good morning, the ceo of ther foundation,org, working with political prisoners, and i think some of you mentioned it's clear president obama is going to cut a deal or is going to try to cut a deal with the iranian regime over the nuclear weapons program that will, in fact, sacrifice p
of developing successful long range ballistic mechanism. spain, notice the wheelchairs in the crowd of protesters. 10,000 people taking to the streets of madrid, angry that government cutbacks will crush people with disabilities. the austerity measures reducing services, closing specialty centers and laying off care workers. france, a coded letter sent in 1812 by na popoleon bonaparte, saying that force that was then. now selling for more than $243,000. that's a wrap on the fox trip around the world in 80 seconds. disaster in a state left devastated by superstorm sandy, but this one man made. a train carrying toxic car ge goes off the track and people forced from their homes for days now, and now, another setback in the cleanup efforts. and also, we've all seen our fair share of silly criminal stories, come on admit it, they never get old. and why this pair of ban did i understand could take the cake. >> i think this'll be on world's dumbest criminals, they came in here unequipped and unprepared and ended up leaving their vehicle here. tdd#: 1-800-345-2550 let's talk about low-cost
in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> greta: a california teachers union produces a shocking video. a 60 seconds. ainsley has the headlines. the senate passed a sweeping defense bill but far from a done deal. the $631 billion measure calls for a speedy withdrawal of u.s. forces from afghanistan, tighter sanctions on iran and money for military equipment and personnel. the obama administration has threatened to veto the measure saying it would limit the president a's thoroug
in southeast spain is cleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan dreyer has a check of the national forecast. good morning. >> good morning to you guys. yeah, talking about snow in the northeast. rain in the southeast. and right smack dab in the middle of the country, >>> snow will continue coming east. expect your snow chance prior to noon today. after that, it's rain. all the precipitation ending about 3:00 today. take a look because some folks are saying, where's the snow? it's west of us now between now and 9:00. that line will come to the east. we will be getting some snowfall in here, but only for about three or four hours. amounts pretty light. an inch, maybe just over that in montgomery county.
translate. a town in southeast spain is cleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan dreyer has a check of the national forecast. good morning. >> good morning to you guys. yeah, talking about snow in the northeast. rain in the southeast. and right smack dab in the middle of the country, it looks nice and sunny. it will be cold. temperatures only in the 20s and 30s. we are looking again at most areas in the northeast around one to three inches. we're not talking about a lot of flag or a lot of wind -- flooding or a lot of wind. southeastern massachusetts will be a jackpot area where we could end up with about six to nine inches of snow. the southeast will see the rain mostly through this morning. it will be h
balooga. tightly frozen in a custom built machine from spain. $50,000 worth of rare merchandise inside three vending machines in southern california making the debut just in time for the holiday shopping season. the idea came from this cupcake vending machine already a hit in beverly hills. caviar can be just as sweet says a vending machine owner. so it's about making it access snibl. >> it is very accessible, convenient in every price point. so it is caviar out of a vending machine in a shopping mall. but some foodies say this just doesn't belong next to cinnabon. at the trendy hungry cat seafood restaurant in hollywood, he says his caviar is served with a little more flair, not food court fudge. >> that's the part i don't get. i can see getting it and taking it hom to have champagne with it. but just on your lunch break, it really doesn't at up to it. >> with a soda from the food court? >> exactly. >> reporter: we found plenty of caviar critics. would you put $500 in a machine? >> no. >> would you buy eggs out of a vending machine, much less fish eggs? >> reporter: but the flurries a
. he's headed back to the university of maryland and then spain. take a bow. nice to see you there, drew. he's done a great job and we will miss him. we leave you with this, check out peter doocy. you can have fun with the most popular video on youtube. here you
in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia top the list. on the other side of the spectrum, countries with least perceived corruption, denmark, fin left-hand and new zealand. where does the u.s. rank? 19th. tracy: nobody lives in those countries. ashley: what they do is very simple and very clean. tracy: very blond. ashley: very blond. definitely in denmark and finland, that's for sure. tracy: the dark skin, the dark eyes. we're all evil at heart. ashley: that is the quote of the day. thanks, tracy. i didn't say that. tracy: all right. quarter after. come on. right? think about it. as we do every 15 minutes we check on the markets, nicole petallides on the floor of the new york stock exchange. from the most corrupt country in europe, good to have you with us. >> that is me. evil. i'm a little devil at heart. let's take a look at a big deal here. freeport-mcmoran, this is a $9 billion deal. these type of things brin
not claim refugee status from spain. imagine, we got to spain and when not quite sure where to go my husband had family in the huingary but iranian officials have tons of money and they find homes on the west because they bring their money with them. the dissidents come with the clothes on their back and when we landed in canada, we had $200 in our pocket. we were literally hungry and no country was taking us. finally, canada did, and i am so grateful to this great country of north that get this a home where we had nowhere to go. i just need to make a point -- are we going to get time at the end? >> sure, will have time at the end. >> there is something i really need to mention. -- >> good morning and thank you. we have been working with people or former political prisoners and with the appropriate movement in iran. is clear that president obama will cut a deal or try to with the iranian regime over their nuclear weapons program that will, in fact, sacrifice the people of the iran. i would like to ask ali if you can add to some of those good suggestions that emanuele made earlier about tying
, it is more important to make all the fiscal cuts them back as greece and spain know, when people do not trust your debt, weak issue too much debt. if everyone heads to the door like china and other is, our debt is really going to go up. host: should the raising of the debt ceiling be tied to these overall conversations or is that too dangerous? you talk about people shied away from your debt. caller: yes. you are going to have a tipping point that people are blind to. since 1847 with popular delusions and the madness of crowds when you get a contagion in there, you do not know what is going to be. people are going to run for the door. it is just stupid. they should have done the tax cuts first and then see if they need to raise taxes. the more sound policy is to cut some savings first to even see if we have to raise taxes. host: here is the statement put out by the white house yesterday. it actually promises to lower rates for the wealthy and sticks the middle class with the bell. bill. susan in pennsylvania, a democratic caller. welcome to the conversation. caller: what i am thinking is the
unbelievable. >>> a bizarre arrest in barcelona, spain ended with a woman having her breast implants removed with 3 pounds of cocaine inside them. the woman was bleeding from her chest. she claimed she got breast implant surgery and noticed a white foreign material. they took her to the hospital, and what they found was two bags containing cocaine. authorities say it was worth more than $100,000 worth of cocaine on the street. >>> investigators looking into the plane crash that killed mexican-american star jenni rivera say it could take up to a year to find out what caused that plane to nosedive from 28,000 feet. we have learned new troubling details about the owner of the plane. >> reporter: she says she's convinced the airplane her son was flying was in good shape. it was in excellent condition she says. there was no malfunction. alvarez is the mother of the 20-year-old who was the co-pilot of this learjet that crashed in northern mexico killing singer jenny ri rivera. the piloted was 78 years old, according to his passport found at the crash scene. according to court documents obtained by
by december 22nd for christmas delivery. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. capitol hill today after a scathing independent report faulting the u.s. consulate for the deadly attack in benghazi. senator john kerry seems to praise her response. >> the report makes 29 recommendations in total, five of which are classified. secretary clinton has embraced every single one of them. i think the secretary's swift action underscores how determined she is to apply the lessons of benghazi. >> joining us now is our chief correspondent and anchor of "the state of the union," candy crowley. do you think she's going to be tarnished because of this benghazi report? >> we do. we know he
this fiscal fundamentalism that has been practiced in greece, spain, portugal, right now, with massive cuts will be good for the u.s. economy, they are sadly mistaken. $300 billion, that could spike unemployment in the teens. that kind of recession would not be one from which the economy could easily read resurrect consumer spending. host: ed is on the line. caller: how are you? observing the president over the past four years, it seems he is delivering on what he promised, which is he was coined to fundamentally change america. through these economic policies of the spending program, the growing dependency on government by not only individuals but corporations, it seems he is getting what he wants. it seems to me that going over the clip will just be another blow to the u.s. economy, which will help his political position. it seems the dependency -- it seems dependency has been the game. americans have to rely more on the political class to save them more dependent they become one government. it is frightening. the president is going to fundamentally change america. he is delivering on its
%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt no
zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to "squawk box," everybody. in our headlines we're about an hour away from the november jobs report and the numbers are expected to be impacted by sandy. the dow jones forecast is calling for new 80,000 nonfarm jobs. >>> the reuters forecast is calling for 93,000 new jobs. >>> ibm is implementing a significant change to its benefit program. starting next year matching contributions to employees' 401(k) accounts will be given in one lump sum on december 31st. if a worker leaves the company before december 15th, they won't get anything from that payment. >>> also video game sales fell 11% in november from a year ago that's according to the new figur
that reflected across the bond space. portugal for example seeing ten-year yields falling. same for spain and italy. the boreses and footy 100, the xetra dax, this has been the outperformer up in the range of 30%. another .3% after the ifo out of germany. came in better than expected. again, a good sign for growth. not necessarily, though, for those who would like to see a weaker europe. the ibex 35 adding 1.3%. and the nikkei, as you mentioned, up above 10,000 for the first time in eight months. adding 2.4%. better hope the moves in the japanese government or bank of japan pan out. we'll get the bank of japan's decision tomorrow. but this comes on the day when, remember, it's on the weakening of the yen which we can show you on hopes that that will help the japanese corporate sector. remember, we saw export figures showing a drop of 20% in exports to the use. 15% to china. again, there's a lot of expectation built to this. the aussie/dollar remains the underperformer as we continue to evaluate china's internal rebalancing. now the sterling is stronger, the dollar/yen you already mentione
disintegration during war, famine, and pestilence. it has happened in wales, portugal, spain, all over. we do not know why. we do not know what to do about it. i will give an answer that will interest and amuse the previous questioner. when two things coincided in late 18th-century england, a grain surplus, the result was a cheap gin and a social calamity. they passed a few laws, licensing laws, it did not help. what turned britain a round was john wesley. methodism. converting the women of england -- [laughter] that is the way it worked. it is an odd thing for me to be saying. >> you talked about the virtuous -- virtues freedom requires. i worked in the field of education. in the kedging, -- if our major problem children come to school without virtues, it is the public school system the place to nurture that? i believe our society and culture does not nurture those virtues. how do we address that? >> this is a good question. the family is the smallest school. by the time all lots of negligently parentage, often at no-fault to the single mother, these children get to school, and it is too lat
of champagnes and other sparkling wines, this is from spain. sparkling wines, different places in the u.s. and in the country around the country, i have different sparkling wines. i have chandon, proseco from italy. >> juliet: with a little straw there. >> fun minis. >> juliet: for people who have no desire to make their own drinks. thank you very much. we'll get all this information out on our web site. >> cocktailguru.com. >> juliet: thank you so much. we're going to take a quick break. we'll be back in two minutes. stay with us [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. . . with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!
people of negative spirits from the previous year. >> all right. >> good one. >> spain, natalie, you know about this one. we're going to show it. >> we're going to demo. it sounds easy to eat 12 grapes. it is not easy. >> do we have the chimes? >> we're going to do it. so 30 seconds on the clock, please. >> this should go well. >> are we going to hear this? [ chiming ] >> you can't even get them in your mouth. oh, my -- good work. >> thank you. this is what happens when you've been pounding campaign all night. you can't deliver a grape into your mouth at close range. >> i'm dead sober. how do they do this drunk? >> you littered the floor with grapes. >> i'm sorry. >> they did those chimes too fast. >> those were very fast. >> that was very fun. >> you missed your mouth by half an inch. you couldn't make the transaction. amazing. >> how was your grape eating? >> you have to make one. yes! it's in there. >> i started laughing looking at everybody. >> it's fun. >> this is my new tradition. new underwear and grape eating. >> not for kids. >> exactly. >> now i have a little game for you guys.
protect their own ground forces? is there something about germany and italy and france and spain and england and japan that renders them genetically incapable of having their own air forces? i know we were told, well, we have to stay in iraq and afghanistan because they don't have any air force. well, neither do the people attacking them. the next thing we are told is, well, we need to protect the u.s. from a nuclear attack. i agree. we have a nuclear capacity that far exceeds any potential combination of enemies. we had during the height of the cold war the triad. we could destroy the soviet union and they had a capacity to go after us by missiles, submarines or the strategic air command. i have a proposal, sometimes i'm kidding, this time i'm not. can we not go to the pentagon and say, you know what? now that there is no more soviet union, there is a much weaker russia, and i agree, russia won a war against georgia. they won a war against the country of georgia. i think the way we have armed the state of georgia, i'm not sure what the outcome would be if that was the war. but r
[indiscernible] $750 billion came through and it was more aggressively priced than italy, spain, and portugal. that is where you create economic prosperity. the agencies are doing fantastic stuff but it will not create what we need on that continent. the marginal interventions are not going to create economic growth. we know how to create jobs, so instead of having large subsidy programs, start there. get rid of those programs and we can talk about economic growth. >> you can understand why they are the most prominent voices in the business. >> a look at social media and on line speech. this is half an hour. >> we are going to shift gears a bit. i took my tie off the war earlier this morning. first, there is wifi here. you should log on to the nyu guest account. user name is guest131. password is right there for you. we will talk about the use of social media. it has been on everyone's lips the last couple of years. we have wonderful guests that are known for their engagement with their audience. i predict we are going to hear a little bit of criticism and push back on some of the wisdom of s
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